• Viking_Hippie@lemmy.world
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    4 months ago

    Five years of cash flow with no asset stripping greatly increases barrier to entry

    That’s the whole point: it’s meant to disincentivise private equity from seeing healthcare as a business like all others that they can destroy for profit.

    patient cost will simply rise across the board in response

    Not if it’s enforced strictly enough that private equity stays away entirely, see above.

    Literally no one wants this bill to pass as it is.

    I and probably millions of others would. Healthcare is a basic human need and should never be at the mercy of asset stripping profit vultures.

    None of the rules are inherently unreasonable. That they’re still considered strict enough to be a barrier speaks volumes about the predatory practices of private equity.